£170,541
This estimated value is based upon the latest sale price for the house of £140,000 on 29 Jul 2020. This value is then adjusted by the current Official House Price Index for CITY OF NOTTINGHAM 1
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Price Paid | Date |
---|---|
£140,000 | 29 Jul 2020 |
Terraced |
Freehold |
Floor Area: 113 sq meters or 1,216 sq feet |
This model uses changes in the Official Land Registry House Price Index for CITY OF NOTTINGHAM to estimate the market value.
When this house was purchased in July 2020 the House Price Index for CITY OF NOTTINGHAM was 122.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 21.815%.Applying this 21.815% change to the original purchase price of £140,000 results in an estimated price of approximately £170,541.
29 Jul 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
122.9 | 149.7 | 21.815 % | £140,000 | £30,541 | £170,541 |
The Postcode Pricing Model uses changes in average sales price within the NG7 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
Change % | Change £ | Estimated Price | |
1 Month Average | -14.828 % | £-20,759 | £119,240 |
3 Month Average | 23.780 % | £33,292 | £173,292 |
6 Month Average | 23.306 % | £32,628 | £172,628 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
25 Aug 2023 | £350,318 | £344,000 | 40 TEVERSAL AVENUE |
19 Apr 2023 | £438,196 | £430,000 | 53 TEVERSAL AVENUE |
7 Nov 2022 | £233,906 | £235,000 | 34 ROTHESAY AVENUE |
12 Jan 2022 | £386,972 | £365,000 | 20 TEVERSAL AVENUE |
19 Nov 2021 | £457,598 | £420,000 | 61 ROTHESAY AVENUE |
This house has a floor area of 113 sq meters or 1,216 sq feet when measured on 14 Apr 2020. Using an estimated price of £170,542 means this house is valued at £1,509 per sq meter (£140 per sq foot).
The average size of a house on ROTHESAY AVENUE is 115 sq meters (1,243 sq feet).